What the Republican counteroffer to Biden’s stimulus plan means

Source: Jennifer Rubin, Washington Post (Paid Registration)

Ten Republicans on Sunday sketched out a $600 billion counteroffer to President Biden’s $1.9 trillion stimulus bill. While the GOP proposal contains money for coronavirus testing and vaccination as well as for small businesses and some direct payments to individuals (albeit a smaller amount to a more restrictive group of people), the gap between the two plans is enormous.

One suspects Biden is willing to compromise on some points, or send some proposals over to his larger economic recovery plan (e.g., a $15 minimum wage). However, he has been warned by everyone from business leaders to the Federal Reserve chairman that the real risk is doing too little, not too much.

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